Brazil court gives more time for Samarco Dam deal

OliverGriffin

BHP Billiton PLC (BLT.LN) said Monday that Brazil's federal court has approved an additional 66 days for the completion of negotiations regarding the public civil claims settlement related to the Samarco dam failure in 2015.

The mining giant said Samarco Mineracao, S.AVale SA (VALE), BHP Billiton Brasil Ltda. and Brazil's federal prosecutors will now have until June 25 to conduct discussions concerning the settlement.

BHP Billiton said that until June 25, the interim security arrangements and the current suspension of legal proceedings will remain in place.

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